The beginner’s guide to offshore saving

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Offshore savings accounts are associated in many people’s minds with tax
evasion, and in recent years a hard line stance by government’s worldwide
means that savers who do try and hide money offshore are increasingly likely
to be caught.

However, it is important not to let the link to tax dodging blind you to other
benefits that mean an offshore account may be the right product for you.
Here we look at the advantages and downsides of holding your cash offshore.

The tax advantages

Offshore locations are not called tax havens for nothing. Although UK-based
investors putting money into an